Business
Sea Lion - Results of Sample
Sea Lion - Results of Sample.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 6927O Rockhopper Exploration plc 02 July 2010 \n \n\nEmbargoed: 0700hrs, 2 July 2010\n \n \nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\n \nSea Lion Exploration Well Ð 14/10-2\nOil Discovery Ð Results of Sample Analysis\n \nRockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide results following analysis of wireline MDT samples obtained from the recent Sea Lion 14/10-2 oil discovery well in the North Falkland Basin.\n \nSamples analysed under reservoir conditions in a specialist laboratory are confirmed as medium grade crude with the following characteristics:\n \ná API confirmed as 26.4 - 29.2 degrees\ná Low Viscosity of 6.5 - 8.5 centipoises at reservoir pressure\ná Gas Oil Ratio of 261 - 272 standard cubic feet per stock tank barrel\ná A typical Wax Content of 18.4% - 20.8% wt*\ná Formation Value Factor (FVF) of 1.16\ná Low sulphur of around 0.2% weight\n \nSam Moody, Managing Director, commented:\n \n\"These positive results, when combined with our knowledge of reservoir quality from logging data, give us further comfort that a flow test of the Sea Lion well will confirm a mobile crude oil.\n \nThe wax content is typical for a lacustrine sourced crude oil and significantly lower than many other producing oilfields worldwide. Furthermore the viscosity, gas oil ratio, FVF and sulphur are all better than we anticipated.\"\n \n*%wt = percentage weight from chemical analysis of crude oil sample\n \nEnquiries: \n \nRockhopper Exploration plc\nSam Moody - Managing Director\nTel. +44 (0)20 7920 2340 (via M: Communications)\n \nM: Communications\nPatrick dÕAncona or Ben Simons\nTel. +44 (0)20 7920 2340\n \nCanaccord Genuity Limited\nRobert Finlay / Henry Fitzgerald-O'Connor\nTel. +44 (0) 20 7050 6500\n \nNotes to Editors\n \nRockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per cent. interest in f...